What is the order in which the accounting transactions and events are recorded in the books
A) Journal, Subsidiary books, Profit & Loss A/c and Ledger
B) Ledger, Journal, Balance Sheet and Profit & Loss A/c
C) Journal, Ledger, Profit & Loss A/c and Balance Sheet
D) Profit & Loss A/c, Ledger and Balance Sheet
Correct Answer:
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Q52: The closing stock in adjustment is shown
Q53: The opening stock is shown in:
A)Trading Account
B)Profit
Q54: The trial balance checks
A)Arithmetical accuracy of books
B)The
Q55: In case a trail balance does not
Q56: Rs. 5000 spent on replacement of worn
Q58: Depreciation of fixed assets is an example
Q59: Income is the output of excess or
Q60: The term 'Business Income' includes:
A)Unrealised Net Income
B)Realised
Q61: The concept of conservatism ensures that the
Q62: In accounting revenue is generally treated to
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